Euro shorts take cover and Indonesia gets a ratings boost - it's time for your FX Fix.
The euro rose in Asian trading, but traders said it reflected covering of short positions. [WSJ]
With risk appetite improving, commodity currencies like the Canadian, Australian, and New Zealand dollars rose. [FT]
Traders are unwinding bets on risk aversion, and the dollar could be poised to weaken. [dailyfx.com]
The Chinese yuan hit a record high against the dollar on suspicion that the central bank orchestrated intervention. [CNBC]
Fitch raised Indonesia's credit rating to investment grade, on par with India, for the first time since 1997, earlier than expected. Moody's and Standard & Poor's may follow. [Reuters]
-------------------------
CURRENCY FUTURES:
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about at moneyinmotion@cnbc.com.
